ZIMBABWE’s gold deliveries rebounded in April, increasing 16,5 percent month-on-month to reach 3,32 tonnes up from 2,85 tonnes recorded in March, official data shows. Figures from Fidelity Gold Refinery show that the recovery was driven by small-scale artisanal miners, whose output surged by more than 20 percent to 2,11 tonnes during the month from 1,74…
THE African Development Bank (AfDB) Group has committed to supporting Zimbabwe’s debt clearance strategy after approving a three-year technical and financial initiative meant to accelerate engagements with creditors. The US$4 million grant will specifically finance the Zimbabwe Arrears Clearance Dialogue Enhancement Project (ZACDEP), aimed at strengthening dialogue and reforms needed to advance the country’s arrears…
THE call by the country’s diamond industry for the government to reduce the foreign currency surrender ratio and royalties should not be viewed as a plea for sympathy, but rather…
THE government says a strong and well-regulated seed system is critical to achieving the country’s ambitious agricultural production targets and boosting food security. Speaking during the Zimbabwe Business Summit and Seed Roadmap Workshop in Harare yesterday, the permanent secretary in the ministry of Agriculture, Obert Jiri, said improved seed varieties have the potential to transform…
THE Insurance Council of Zimbabwe (ICZ) says the newly-launched regulatory sandbox could help revive the country’s declining insurance penetration by creating space for new products, technologies and business models tailored to evolving consumer needs. Insurance penetration has fallen sharply to below five percent, largely due to low disposable incomes, worsened by the struggling informal sector,…
STANBIC Bank Zimbabwe has added 13 more remote branches nationwide for this tobacco season and beyond, bringing the total to 27 to enable easier transactions for its customers. Stanbic Bank introduced the seasonal remote branches, also known as implants, at major tobacco auction floors and key client locations in 2021 as the Standard Bank Group…
THE government has urged the pension industry to prioritise investing in sectors that drive national growth while delivering inflation-hedged returns for pensioners. Zimbabwe’s pension industry remains heavily concentrated in real estate and quoted equities, which have historically accounted for about 70 percent of total industry assets. Speaking at the 2026 Zimbabwe Association of Pension Funds…
LOCAL manufacturers should intensify cost-cutting measures by localising supply chains amid rising cost pressures from the Middle East conflict, squeezing profit margins, the Confederation of Zimbabwe Industries (CZI) has warned. In its latest update, CZI said the ongoing Israel-US-Iran conflict has triggered external commodity shocks, particularly high energy costs. The geopolitical tensions prompted a 12,4…
THE International Monetary Fund (IMF) has commended Parliament’s active oversight role in promoting accountability and transparency, while highlighting progress made by Zimbabwe in strengthening economic governance under the Staff-Monitored Programme (SMP). This comes after IMF management’s approval of a 10-month non-financing SMP for Zimbabwe, a programme aimed at consolidating recent economic stabilisation gains, improving macroeconomic…
THE Grain Marketing Board (GMB) has established 1 804 mobile buying and collection points across the country to ease transport costs for farmers, who previously incurred high expenses delivering produce to depots. This initiative coincides with the GMB expanding its storage capacity to 70 000 metric tonnes and rolling out modernized silos to improve grain…
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